UPDATE 1-Lululemon targets annual revenue growth in low teens for next five years [Reuters]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Reuters
UPDATE 1-Lululemon targets annual revenue growth in low teens for next five years - Reuters 2 Min Read (Adds outlook for units, background) April 24 (Reuters) - Canadian yoga-pants specialists Lululemon Athletica Inc on Wednesday forecast annual revenue growth in the low teens for the next five years. Lululemon, which has been focusing on menswear, expects to more than double the size of its revenue from the business segment by 2023. The push into menswear comes as Nike Inc, the world’s largest sportswear maker, goes in the opposite direction, targeting Lululemon’s core female audience with its own line of yoga wear, launched at the end of last year. Lululemon also plans to quadruple its revenue from international markets in the five years by focusing on expanding across China, the Asia Pacific and Europe, Middle East and Africa regions. The 21-year old company, founded in Vancouver, expects operating income growth to exceed revenue growth annually, and modest gross margin expansion,
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/3/24 - Form 4
- LULU's page on the SEC website